ING Groep NV purchased a new stake in MDU Resources Group Inc (NYSE:MDU) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 29,470 shares of the utilities provider’s stock, valued at approximately $792,000.

Several other large investors have also recently added to or reduced their stakes in MDU. FMR LLC raised its position in shares of MDU Resources Group by 57.5% in the second quarter. FMR LLC now owns 329,888 shares of the utilities provider’s stock valued at $8,643,000 after purchasing an additional 120,383 shares during the period. Dimensional Fund Advisors LP raised its position in shares of MDU Resources Group by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 926,888 shares of the utilities provider’s stock valued at $24,286,000 after purchasing an additional 28,659 shares during the period. HighTower Advisors LLC raised its position in shares of MDU Resources Group by 7.0% in the second quarter. HighTower Advisors LLC now owns 9,105 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 594 shares during the period. Janus Henderson Group PLC raised its position in shares of MDU Resources Group by 4,741.5% in the second quarter. Janus Henderson Group PLC now owns 475,481 shares of the utilities provider’s stock valued at $12,458,000 after purchasing an additional 465,660 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of MDU Resources Group in the second quarter valued at approximately $253,000. 62.58% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on MDU. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday. Williams Capital dropped their price target on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, KeyCorp reissued a “buy” rating and issued a $29.50 price target on shares of MDU Resources Group in a research report on Friday, December 15th.

MDU Resources Group Inc (NYSE:MDU) opened at $27.22 on Thursday. MDU Resources Group Inc has a 52-week low of $24.29 and a 52-week high of $28.22. The company has a market cap of $5,259.55, a P/E ratio of 21.54, a PEG ratio of 2.34 and a beta of 0.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 1.01.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $1.17 billion for the quarter. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. sell-side analysts forecast that MDU Resources Group Inc will post 1.38 EPS for the current year.

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MDU Resources Group Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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